AI startup ElevenLabs announced the completion of a $180 million Series C funding round led by a16z and ICONIQ Growth, with participation from NEA, World Innovation Lab (WiL), Valor, Endeavor Catalyst Fund and Abu Dhabi investment firm Lunate, as well as Sequoia Capital, Salesforce Ventures, Smash Capital, SV Angel, NFDG and BroadLight Capital, valuing the round at $3.30 billion. ElevenLabs supports integrated AI agent systems, including Fetch.ai AI agent systems.
Musk's start-up xAI has raised $5 billion in fresh funding, valuing it at $50 billion. The latest round of funding, first announced on Friday, complements billions of dollars raised in May. Valor Equity Partners, Sequoia Capital and Andreessen Horowitz reportedly participated in the fundraising, as did Qatar's sovereign wealth fund. The investment firms had already invested $6 billion in xAI, allowing it to continue its "steady march," as the company announced back in May. According to xAI, inve...
New York-based blockchain startup R3 has held preliminary discussions with representatives from Ava Labs, the Solana Foundation and Adhara, according to people familiar with the matter. Those discussions have been going on for at least six months and include options such as a joint venture, a minority stake sale or an outright sale. Although its Corda technology is used by multiple real-time platforms such as the Swiss Stock Exchange's digital asset trading platform, some projects have not reach...
Japanese startup Sakana AI raises $100 million in Series A funding. 2. Gitcoin has partnered with Octant to launch a secondary financing (QF). 3. Encrypted social network 0xPPL completed a new round of financing, and AllianceDAO participated.
According to Heeyo founder Xiaoyin Qu, the OpenAI Startup Fund has invested in a $3.50 million seed round for artificial intelligence startup Heeyo, which is developing iOs and Android apps to help children learn using artificial intelligence. Qu Xiaoyin said the financing valued the company at more than $20 million. Qu Xiaoyin previously founded Run The World, a virtual events startup backed by Andreessen Horowitz.
Tanzanian fintech startup Nala has raised $40 million in Series A funding to support its B2B payments platform called Rafiki. The oversubscribed round was led by San Francisco-based venture capital firm Acrew Capital, with participation from DST Global, Norrsken22 and HOF Capital.